28/08/2008

Ireland's Largest Construction Firm Lays Off 300

The Sisk Group, the larget construction firm in Ireland has laid off more than 10% of its staff this year.

The Group Chief Executive, Liam Nagle, said around 300 of its 2,900 workers had been made redundant on a phased basis from the business.

The employee cuts at Sisk Group are believed to be the result of the continuing downturn in the building industry.

He said he did not rule out further job losses and he added that the level of future business activity was difficult to predict at present.

However, Mr Nagle said the construction unit had a large order book for 2008 and was well positioned for 2009.

According to reports, the business experienced an 8.3% rise in turnover to €1.81% in 2007, but Mr Nagle said group turnover was likely to drop this year to €1.5bn or €1.6bn.

Last month, Sisk became the 100th company to be awarded the prestigious CPD (Continuing Professional Development) accreditation by Engineers Ireland.

The company also reported a 20% rise in sales in its British unit to €314.1m last year and expects to compete for tenders for projects linked to the London Olympic games in 2012.

However, Mr Nagle also said he did not rule out further job losses.

(DW)

Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.

16 January 2009
Pork Firm 'Saved'
A pork processing plant which was in danger of closing has found a buyer. Stevenson & Co in Cullybackey, which has been in business for more than 150 years, announced proposals to close in October of last year. However, Dungannon-based group Dunbia announced on Thursday that it was to acquire the business, saving more than 100 jobs.
31 October 2012
Kilkenny Group Creates 60 New Posts
Kilkenny group has announced it is to create 60 new jobs. As well as new positions in sales, retail and administration in stores around Ireland, Kilkenny Group will also be recruiting new employees for its distribution and online operations. The family run business says the roles will be filled by the end of 2013.
26 February 2016
MJM Hope For 'At Least' 1,000 New Jobs With Shackleton Development
The MJM Group has said that is hopes to create "at least" 1,000 jobs when its redevelopment of the Shackleton Barracks site in Co L'Derry is complete. It was announced today that the group has agreed a deal with the Northern Ireland Executive to buy the site, which is plans to develop for new business ventures.
24 September 2012
SIPTU Supports Protest Outside Gleeson Group Warehouse
SIPTU supports a protest by workers outside the Gleeson Group warehouse in Ballyfermot, Dublin, against the targeting of trade union members for dismissal from their jobs.
30 June 2010
Foster Celebrates Contract 'On The Buses'
The Stormont Enterprise Minister Arlene Foster has gone 'on the buses' to make the announcement that the Co Antrim-based Wright Group has secured contracts worth £7.4m for an innovative bus design.